Entertainment

Gene Hackman's Shocking Will: What Happens to His $80 Million Fortune?

2025-03-15

Author: Sophie

Introduction

The world of Hollywood is once again rocked by an unexpected twist following the release of the will belonging to legendary actor Gene Hackman. The two-time Academy Award winner’s fortune, estimated at $80 million, is now surrounded by uncertainty after the recent passing of both Hackman and his wife, Betsy Arakawa.

Tragic Events

Just last month, Arakawa, who was married to Hackman for an impressive 30 years, was discovered alongside her husband in their New Mexico home. They were found on February 26, a tragic end marked by the fact that Arakawa reportedly died a week before Hackman, due to a rare virus. Hackman, who was 95, succumbed to natural causes complicated by severe heart disease and advanced Alzheimer's.

Potential Inheritance Issues

The drama intensifies as legal experts indicate that Hackman's children, whom he had with his late ex-wife Faye Maltese, could potentially inherit his estate despite not being named in his will. The couple's children—Christopher, 65, Elizabeth, 62, and Leslie, 58—are reportedly seeking clarity as they have not publicly commented on the situation yet.

Legal Insights

The latest revelations state that because Arakawa passed away first, the estate could revert to Hackman’s children under intestate succession laws, particularly since no alternate beneficiaries were designated in Hackman’s 1995 will that was last updated in 2005. California attorney Tre Lovell explained that if no valid will survives, the children would be the lawful heirs.

Discovery of the Couple

Tragedy struck when authorities performed a welfare check on the couple after their absence raised concerns. They found Arakawa in the bathroom along with scattered pills and Hackman in a separate room, his cane and sunglasses close by. Though initial investigations suggested a 'suspicious' scene, officials later confirmed there was no foul play.

Arakawa's Will and Trust

Meanwhile, Arakawa’s will contained a provision stating that should she and Hackman die within 90 days of each other, her assets would go into a trust—the proceeds from which would be donated to charity after covering medical expenses. This provision has left many speculating what will happen now that both are gone.

Family Reflections

Despite the public scrutiny, Hackman has previously shared insights about his family life, emphasizing the challenges of balancing his celebrated career with family time. He confessed that working as an actor often led to long absences, which were difficult for his children.

Conclusion

In heartfelt statements, his daughters and granddaughter expressed their grief, describing Hackman as not just a Hollywood legend but simply 'Dad and Grandpa.' They articulated the love and admiration they held for him, signifying that, beyond the accolades and fame, he was cherished in their private life.

As the legal complexities unfold, all eyes are on the Hackman family to see how this deep-seated legacy will be navigated following one of Hollywood’s most iconic figures' unfortunate passing. Will the children emerge as beneficiaries, or will the estate's fate take another unforeseen turn? Only time will tell.